Registered title part transfer (TP1) form

The Registered title(s): part transfer form or TP1 form is the form you will need to use if you are transferring only part of your ownership in a property.

For example, this is the form you would use if you wanted to transfer a 50% share to your spouse or partner.

The TP1 form sets out all the information about the transfer, including how much of the property is being transferred, and who is receiving the share (the new joint owner).

The process is more complicated if you have a mortgage on the property, because the lender will need to be contacted to complete a Discharge of part (DS3) form. A conveyancing solicitor can assist with this process.

You should also use the TP1 form if you are transferring part of a property to someone else. A common example of this is where you own a house with a garden or driveway, and you want to sell part of the garden or driveway to a neighbour.

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Freehold or leasehold?What's the difference?

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Freehold or Leasehold?

Freehold

Freehold is when you own the property and the land on which it is built. You will not have a landlord or pay any service charges. Houses are usually freehold.

Leasehold

Leasehold typically applies to flats. You will have a defined lease term (e.g. 99 years) and will probably pay service charges and ground rent to a landlord or freeholder.

What if there is a share of freehold?

When you own a share of the freehold, there will still be a lease but you will also own a share in the freehold. If the property is 'share of freehold' please select 'Leasehold'.

Still not sure?

If you are not sure, please select 'Freehold'. Your solicitor will let you know all about the property tenure during the conveyancing process.

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Freehold or leaseholdWhat's the difference?

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Freehold or Leasehold?

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Be careful if you are buying a new or relatively new house

Over the past few years, developers have built many leasehold houses. If in doubt please select 'Freehold' or call us.

Freehold

Freehold is when you own the property and the land on which it is built. You will not have a landlord or pay any service charges. Houses are usually freehold.

Leasehold

Leasehold typically applies to flats. You will have a defined lease term (e.g. 99 years) and will probably pay service charges and ground rent to a landlord or freeholder.

What if there is a share of freehold?

When you own a share of the freehold, there will still be a lease but you will also own a share in the freehold. If the property is 'share of freehold' please select 'Leasehold'.

Still not sure?

If you are not sure, please select 'Freehold'. Your solicitor will let you know all about the property tenure during the conveyancing process.

Freehold

Leasehold

Is the property a new build?Why do we ask?

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New Build

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Always choose an independent solicitor

An independent conveyancer (i.e. not the developer's solicitor) will not be pressured to act in the interests of the developer.

If you are buying a property that has not yet been built, or you will be the first owner of a newly-built property, please select 'Yes'.

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Is this a second property?Why do we ask?

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Additional residential property

Additional residential properties, such as 'buy to let' properties and second homes, are subject to an additional 3% stamp duty land tax. This will be calculated and reflected in your quote.

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Quittance Conveyancing is a trading style of Premier Property Lawyers Limited. Premier Property Lawyers is regulated by the Council for Licensed Conveyancers. The company's authorisation can be accessed at https://www.clc-uk.org.uk. Premier Property Lawyers Ltd is registered in England and Wales. Company No: 04323405. VAT No: 231822924.